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Direct transport link via China-Laos Railway ships Thai durians to SW China’s Chongqing in under 88 hours

(Global Times) — Some 500 tons of durian and other fruits arrived in China from fruit packaging factory in Thailand to Southwest China’s Chongqing Municipality, logistics firm China Railway Materials said on Monday. Stored in 28 refrigerated 40-foot containers, Thai durians, mangosteen and other tropical fruits left plantations in Thailand and arrived Chongqing’s Xiaonanya railway […]

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Vietnam: Informal expenses for customs clearance decline

Each company has to spend about 14.9 hours to complete a cross-border trade transaction and incur direct costs of around VNĐ3.8 million (US$165) for logistics services, according to the 2022 Administrative Procedure Compliance Costs Index (APCI) report. HÀ NỘI — Each company has to spend about 14.9 hours to complete a cross-border trade transaction and incur […]

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Outbound market keeps focus on Asia

Asian countries are engaged in fierce competition for the Thai outbound travel market, banking on increased flight capacity compared with last year. According to the Thai Travel Agents Association (TTAA), the Thai outbound market this year could recover to half of the 11.2 million departures recorded in 2019, the last year before the pandemic, as flight […]

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Cambodia’s exports to Singapore rise 1,820% in May

Cambodia’s exports to Singapore increased by a massive 1819.9 percent in May this year compared to the same month last year, making the island city-state the fourth biggest market for the Kingdom after the US, China and Vietnam for the month. According to the latest trade data released by the General Department of Customs and […]

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Moody’s raises Philippines 2023 growth target to 6.1%

MANILA, Philippines — The research arm of the Moody’s Group has raised its 2023 growth forecast for the Philippines to 6.1 percent from the previous target of 5.7 percent, making the country the fastest growing economy in the region. Steven Cochrane, chief economist for Asia Pacific at Moody’s Analytics, said the Philippines, India, China and […]

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Laos Seals MOU With Chinese Firm for Development of That Luang SEZ

To attract more investment to the That Luang Lake SEZ, the Special Economic Zone (SEZ) Office in Laos signed an agreement with Huangpu Renewable Resources Utilization Company and Lao That Luang Investment and Development Company Limited last week. The agreement was signed by Mr. Chen Guangbiao, Chairman of Huangpu Renewable Resources Utilization Company Limited, Mr. Sonepaseuth Daravong, […]

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